Here is my analysis for GBPCAD. Quite similar with other GBP pair at the moment. This pair currently sat on the resistance zone and it seems to reject from this point based on H4 timeframe. It is advisable to put small size lot for instant execution or put the pending order in the marking zone as well. But, if you want to reduce the risk, just wait for the confirmation candle after this (Breakout or Not). Good luck!
Trade Idea : Short
Price : Sell Now or Sell Limit In Zone
Take Profit : 1.7200
Stop Loss : 35 - 40 Pips
Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!
Trade Idea : Short
Price : Sell Now or Sell Limit In Zone
Take Profit : 1.7200
Stop Loss : 35 - 40 Pips
Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!